Aaliyah turner opened turner photography on january 1 of the current year. during january, the following transactions occurred and were recorded in the company’s books: aaliyah invested $13,500 cash in the business in exchange for common stock. aaliyah contributed $20,000 of photography equipment to the business in exchange for common stock. the company paid $2,100 cash for an insurance policy covering the next 24 months. the company received $5,700 cash for services provided during january. the company purchased $6,200 of office equipment on credit. the company provided $2,750 of services to customers on account. the company paid cash of $1,500 for monthly rent. the company paid $3,100 on the office equipment purchased in transaction #5 above. paid $275 cash for january utilities. based on this information, the amount of total stockholders’ equity reported on the balance sheet at the end of the month would be:

Grace period is a period of time before the credit card company starts charging late fees.truefalse

1. gdp is calculated by summing consumption, investment, and exports of all final goods and services produced within the borders of a given country during a specific period the dollar value of all final goods and services produced within the borders of a given country during a specific period government expenditures within the borders of a given country during a specific period the quantity of all final goods and services produced within the borders of a given country during a specific period

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time